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Mexican Peso skyrockets unfazed by Trump's national emergency at border
The Mexican Peso (MXN) rallied against the US Dollar (USD) on Monday ahead of United States (US) President Donald Trump's inauguration. An article in The Wall Street Journal suggested that tariffs would not be imposed immediately after Trump’s oath as the 47th President of the US. The USD/MXN trades at 20.53, down over 1.20% after reaching a daily peak of 20.89. The market mood remains slightly positive as investors prepare for Trump's inauguration. The WSJ article mentioned that Trump directed federal agencies to “investigate and remedy persistent trade deficits and address unfair trade and currency policies by ... (full story)
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- Posted: Jan 20, 2025 3:59pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 5,821
